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The Nekoachemo Ltd hired five employees. Each of the four employees worked a total of 20 overtime hours. The one employee worked a total of
The Nekoachemo Ltd hired five employees. Each of the four employees worked a total of 20 overtime hours. The one employee worked a total of 25 hours. Employees work 52 weeks in a financial year of which 45 weeks arenormal working weeks. The company's normal hours in a week are48 hours per employee. The normal rate is R50 per hour per employee. The overtime rate is two and half the normal rate.
Employer's total contributions are as follows:
- Pension fund is 9% of basic salary.
- UIF is 1% of gross salary.
- Annual total Medical aid (for all employees) is R42 743,75
QUESTION
- Calculatetotal labour costs.
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